Course Title: Estimating and Costing

Part A: Course Overview

Program:
C5111

Course Title:
Estimating and Costing

Portfolio:
DSC

Nominal Hours:
10.0

Regardless of the mode of delivery, represent a guide to the
relative teaching time and student effort required to
successfully achieve a particular competency/module. This may
include not only scheduled classes or workplace visits but also
the amount of effort required to undertake, evaluate and
complete all assessment requirements, including any
non-classroom activities.

Learning Mode

Teaching Period(s)

The purpose of this course is to provide participants with the skills and knowledge required to calculate estimates and the costs of making furniture.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

National Competency Codes and Titles

National Element Code & Title:

VBK205 Estimating and Costing

Learning Outcomes

1. Compare different costing structures for furniture making. 2. Calculate the direct and indirect costs involved in making furniture as a self-employed designer maker. 3. Contrast the differences between quotations and estimates. 4. Calculate profit margin and breakeven points when making furniture. 5. Define the different payment terms for stock and materials.

Overview of Assessment

• Production of costing model for furniture product • Production of costings for all products produced in workshop pieces